Quote:
Originally Posted by Acajack
I was wondering how lower income people and immigrants can put a roof over their heads?
Is there some type of underground/clandestine/parallel system of apartments that serves this part of society?
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My guess is, even though you
legally can charge up to 6 months, you might be satisfied with charging only one month as deposit for a cheaper / lower-end unit.
(I know I would be fully satisfied with a month's worth of rent as deposit any time. Seems to be the standard in TX and FL from what I've seen so far.)
I would assume that if you insist on having a 6 months deposit for a cheaper, slummier unit, you're likely to see it remain vacant, as more flexible competing landlords fill in their units over yours by letting people into them with much smaller (and, frankly, much more reasonable) deposits.
So, I'm pretty sure it's not a problem for lower income people.
It's nice to legally be able to charge a deposit, even if you end up not doing it.
In my experience, several landlords in places where a deposit is legal are letting people in without deposits.